Offer Description and Conditions: The 5% Cash Back and Introductory 0% Balance Transfer Rate Offer (the “Offer”) applies only to new Scotia Momentum No-Fee Visa credit card accounts (“Accounts”) that are opened between October 31, 2025 and March 1, 2026 (regardless of the date you apply for the Account) and is subject to the below terms and conditions. All other terms and conditions of the Program Terms continue to apply during the Offer Period. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.

5% Cash Back Offer Conditions: You will earn 5% Cash Back on the first $2,000 in eligible purchases you spend on your new Account within the first 3 months of the Account open date (the “Promotional Period”). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers and cash-like transactions), interest, fees or other charges. After the Promotional Period, you will earn regular cash back on eligible purchases at the regular cash back rate (the “Cash Back Program Rate”) described in the Scotia Momentum No-Fee Visa Cash Back Program Terms and Conditions (the “Program Terms”).  The 5% Cash Back rate for any category is made up of the sum of: (i) the regular Cash Back Program Rate (variable by categories as set out under the Program Terms); and (ii) a “Cash Back Bonus Rate”. 

Cash Back earned under this Offer can be redeemed to your Account, provided it is open and in good standing at the time of redemption 

Bonus Cash Back: The amount earned under the Cash Back Bonus Rate will be available for redemption to your Account after approximately 4 months from the Account open date in accordance with the regular Cash Back Program Terms  

Regular Cash Back: The amount earned under your regular Cash Back Program Rate can be redeemed to your Account anytime for a minimum of $25 each time you request a redemption. 

EXAMPLE: If the Regular Cash Back Program Rate for the Groceries and Recurring Payments category is 1% then the Cash Back Bonus Rate will be 4% for that category so that you will earn a total of 5% on the amount of all eligible everyday purchases in that category during the Promotional Period. If you make $2,000 in eligible everyday purchases in the Groceries and Recurring Payments category, your cash back earnings will be as follows: 

(1) the Cash Back Bonus earnings of $80 (4% x $2,000) (shown as an adjustment in your monthly statements), and (2) the Regular Cash Back earnings of $20 (1% x $2,000) (shown in your monthly statements).  

Introductory 0% Balance Transfer Rate Offer Description and Conditions: The Introductory 0% Balance Transfer Rate Offer (the “Rate Offer”) applies only to eligible cash advances (including balance transfers and cash-like transactions) (collectively “Cash Advances”) subject to the conditions below. This introductory rate applies for 6 months from date of Account opening (the “Promotional Period”).  After the Promotional Period, the promotional 0% interest rate on any Cash Advances (including any amount of those Cash Advances that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on Cash Advances (currently 22.99%).  A balance transfer fee of 2% of the amount of each Cash Advance transferred or made during the Promotional Period applies (minimum fee of $5.00).    

This Rate Offer is subject to any Cash Advance limits on your Account. This Offer is also subject to the approved credit limit that is being offered to you as of the date of this Offer.  This means if a balance transfer amount(s) requested exceeds your approved credit limit as of the date this Rate Offer was provided to you, it may not be processed. This Rate Offer cannot be used for any Scotiabank account including to transfer a balance from another Scotiabank account, or to make a payment or deposit to another Scotiabank account.  

Losing your promotional rate: If we don’t receive  the minimum payment on your Account by the payment due date on your statement, two consecutive times , you will lose the benefit of this promotional Rate Offer and the interest rates that apply on any unpaid balance will increase to the standard annual interest rates that apply to your Account (currently 25.99% on purchases and 27.99% on Cash Advances). All other terms and conditions of the Program Terms continue to apply during the Offer period. 

How we apply payments: In general, if you make a payment that exceeds the minimum payment on your statement, we will apply your payment on a proportionate basis among each group of billed charges on your Account. We group charges based on the interest rate that applies to the group of charges. Your payment cannot be applied to the balance(s) of your choice. See your credit card agreement for more information about how we apply payments to your Account. 

Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switched to an existing Scotiabank personal credit card are not eligible for the Offer (and subject to the above exclusions, individuals with a Scotiabank business credit card are also eligible for the Offer). By accepting this Offer you confirm you meet all Offer eligibility requirements. We reserve the right to revoke this Offer at any time if we determine you do not meet the Offer eligibility requirements, including after you have accepted the Offer or been approved for the Account.

Rates and Fees:   There is currently no annual fee for the primary card and no fee for each additional card (including those issued to co-borrowers and supplementary cardholders). The current preferred annual interest rates for the Account are: 20.99% on purchases and 22.99% on Cash Advances.  All rates, fees, features and benefits are outlined in the Application Disclosure Statement and are subject to change.

1% Cash Back Earn Rate: You will earn 1% Cash Back on eligible Purchases on your Account at Grocery, Gas Stations, Electric Vehicle Charging (EV), Transit, Rideshare, Food Delivery, Drugstores and Pharmacies, and on Recurring Bill Payments, up to an annual spend limit of $15,000. 1% Cash Back applies at merchants which are classified in the Visa Inc. (Visa) network as Grocery Stores & Supermarkets, Drug Stores & Pharmacies, Service Stations (with or without ancillary services), Automated Fuel Dispensers, EV charging, Transit, Rideshare, Recurring Bill Payments and Food Delivery (includes transactions made via eligible food delivery services selected by Scotiabank which is subject to change) (Merchant Category Codes (“MCC”): 5411, 5541, 5542, 5552, 5912, 4111, 4112, 4121, 4131, 4789.) Recurring Bill Payments are defined as payments made on a monthly or regular basis automatically billed by the merchant to your Account. Recurring Bill Payments typically include telecommunication, insurance, membership, and subscription-based purchases. Not all merchants offer recurring bill payments on credit cards; please check with your merchant.
 

0.5% Cash Back Earn Rate: You will earn 0.5% Cash Back (the “Regular Earn Rate”) on eligible Purchases made on your Account after you have reached the annual spend limit of $15,000 on the 1% earn rate categories (the “Accelerated Earn Rate”) and on all other eligible Purchases made with the Account that are not within the Accelerated Earn Rate categories.  

Annual Spend Limit: There is an annual limit on the Cash Back you can earn at the Accelerated Earn Rate, as outlined in the Cash Back Program Terms scotiabank.com/terms/momentumnofee. This limit is based on Purchases within the Accelerated Earn Rate categories posted to your Account annually, calculated from your statement period, starting from the statement period of the month your Account was opened (“Account Opening Date”). The annual spend limit resets every 12 months from the statement period of the month of your Account Opening Date. Once you reach the annual spend limit for the Accelerated Earn Rate, you will then only earn Cash Back at the Regular Earn Rate on all eligible Purchases made on your Account until the annual spend limit resets. 

For current rates and information on fees and interest cost, call 1-888-882-8958. Interest rates, annual fees and features are subject to change without notice. Learn more about credit card fees and interest rates.

The Primary Cardholder on the Scotiabank Momentum® No-Fee Visa* Card Account (the “Account”) is responsible for all charges to the Account including those made by the additional Supplementary Cardholder. 

The savings of up to 25% applies to Avis and Budget base rates and is applicable only to the time and mileage charges of the rental. All taxes, fees (including but not limited Air Conditioning Excise Recovery Fee, Concession Recovery Fee, Vehicle License Recovery Fee, Energy Recovery Fee, Tire Management Fee, and Frequent Traveler Fee) and surcharges (including but not limited to Customer Facility Charge and Environmental Fee Recovery Charge) are extra. The Bank of Nova Scotia is not responsible for, and provides no representations, warranties or conditions regarding this offer or any Avis or Budget products or services, including Avis Preferred Plus membership and services and those obtained under this offer, which are governed solely by Avis’ terms and conditions. Avis Preferred Plus membership and services are provided by Avis.  

Scotia SelectPay Conditions apply. Review Terms and Conditions for full details or visit scotiabank.com/selectpay to learn more. 

Scotia Credit Card Protection is underwritten by Chubb Life Insurance Company of Canada:  Tel: 1-800-387-7199, Option 3, or www.chubb.com under a Group Policy issued to The Bank of Nova Scotia. All coverage is subject to the terms and conditions outlined in the Certificate of Insurance which you will receive upon enrolment.